# Argentine peso takes fresh hit amid uncertainty  | Buenos Aires Times

> The Argentine peso fell to a new low on Monday, closing down 6.23 percent at 25.52 per dollar. The drop came ahead of Lebac bond holders being allowed to demand settlement, a potential US$25 billion payout.

- Date: 2018-05-15 · published 2018-05-15T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/65311-argentine-peso-takes-fresh-hit-amid-uncertainty-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Currency collapse raises the risk of forced peso selling and farmer hoarding or accelerated dollar-based export sales, which can move Argentine soymeal and corn offers.

## Read by commodity

- SBM: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-01-18 | [Why the Argentine peso is slipping through Milei’s fingers \| Buenos Aires Times](https://feedsoft.ai/events/32421-why-the-argentine-peso-is-slipping-through-milei-s-fingers-buenos-aires-times.md) | +1.1% | -3.7% |
| SBM | 2018-01-31 | [Dollar creeps toward 20 pesos \| Buenos Aires Times](https://feedsoft.ai/events/67267-dollar-creeps-toward-20-pesos-buenos-aires-times.md) | -2.6% | +15.8% |
| SBM | 2021-10-21 | [Argentines are desperate for dollars as bets on devaluation soar \| Buenos Aires Times](https://feedsoft.ai/events/44848-argentines-are-desperate-for-dollars-as-bets-on-devaluation-soar-buenos-aires.md) | +0.4% | +11.5% |
| SBM | 2018-08-30 | [Argentina hikes interest rate to 60 percent; peso plunges \| AP News](https://feedsoft.ai/events/63820-argentina-hikes-interest-rate-to-60-percent-peso-plunges-ap-news.md) | +2.9% | +2.0% |
| SBM | 2018-08-30 | [Argentina crisis: Peso crashes to record low amid IMF plea](https://feedsoft.ai/events/63822-argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.md) | +2.9% | +2.0% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentine-peso-takes-fresh-hit-amid-uncertainty-over-expiring-lebacs.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.